Specifying the regions responsible for the lowered sales forecast, there were major drops in China and Europe. The market conditions for digital cameras in the latter half of the fiscal year in both of these markets deteriorated more than we had expected. We had previously anticipated a slump in China in particular, but it has been worse than we forecasted.
Our inventory as of the end of December was healthy condition, but with the current state of the economy and the market, the channel inventory has been substantial, which we expect it will take several months to clear. These are the reasons for the downward adjustment of the market forecast for this fiscal term, and the lowered forecast for the number of units we expect to sell.